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Oct 5, 2012
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government will solve this and not force the u.s. into recession." as for the presidential campaigning, for all the talk about healthcare costs and tax cuts, only one in five employers surveyed told careerbuilder that the election's outcome would impact their hiring. the rest said it'd have no effect or weren't sure. but retailers plan to use the holidays as an audition for full-time applicants. john challenger says out of 700,000 holiday hires, 25% will see it lead to a full-time position. on the flip side of all this, layoffs are at their lowest levels in a decade. even cutbacks to government payrolls have slowed to 1/8 of what they were a year ago. also from the labor front this morning, navistar is considering closing some factories to get back on track. according to reports, the financiallly troubled truck and engine maker is also cutting its white collar workforce by 800. meanwhile, google says job cuts in its motorola mobility unit may go beyond u.s. borders. google bought the motorola unit back in may to make cell phones and cable set boxes,
government will solve this and not force the u.s. into recession." as for the presidential campaigning, for all the talk about healthcare costs and tax cuts, only one in five employers surveyed told careerbuilder that the election's outcome would impact their hiring. the rest said it'd have no effect or weren't sure. but retailers plan to use the holidays as an audition for full-time applicants. john challenger says out of 700,000 holiday hires, 25% will see it lead to a full-time...
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Oct 2, 2012
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workers are protesting the government's austerity measures. government officials submitted a draft of the 2013 budget yesterday that calls for a new wave of deep cuts which will save $10 billion next year. workers will protest proposed cuts to salaries, pensions and other benefits. last week, 50,000 people in athens demonstrated against austerity. wages in china are going up - by some estimates, about 17% a year. it is providing china's growing middle class with more money to buy goods, though inflation is not helping. but it may also drive up the cost of making some of those products there, as well. in our cover story, who gains as china's employee base moves up? despite china's present economic slowdown, the story of its workforce recently has been of migration from farm to factory. 25 million made the move in 1990. last year, that figure grew to 158 million. it has increased china's productivity and competitiveness. but lately, that workforce is demanding more. "they increasingly learn that there's a big gap in what they earn and some other
workers are protesting the government's austerity measures. government officials submitted a draft of the 2013 budget yesterday that calls for a new wave of deep cuts which will save $10 billion next year. workers will protest proposed cuts to salaries, pensions and other benefits. last week, 50,000 people in athens demonstrated against austerity. wages in china are going up - by some estimates, about 17% a year. it is providing china's growing middle class with more money to buy goods, though...
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Oct 3, 2012
10/12
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government officials held a new round of talks with foreign lenders. officials need to clinch a deal before meeting up with eurozone ministers next week. all greek citizens have been displaying their frustrations with severe cuts in salaries, pensions and benefits. european leaders still question whether the austerity measures will actually happen. there was some shine to auto sales in september. the big three u.s. automakers - ford, chrysler and gm - reported mixed but mostly upbeat sales in september on tuesday. chrysler was on top with a 12% uptick in september sales. sales came from new models, low interest rates and the improving u.s. economy. the car manufacturer reported sales of 142,000 vehicles, led by the dodge avenger midsize sedan. gm had a 1.5% increase, but truck sales fell 7.6%. ford sales slipped .1%. toyota sales in the u.s. rose over 40%. there's more trouble in the air for american airlines. tuesday, a boeing 777 flying from chicago to london made two emergency landings, one in canada because of a medical emergency and other in irela
government officials held a new round of talks with foreign lenders. officials need to clinch a deal before meeting up with eurozone ministers next week. all greek citizens have been displaying their frustrations with severe cuts in salaries, pensions and benefits. european leaders still question whether the austerity measures will actually happen. there was some shine to auto sales in september. the big three u.s. automakers - ford, chrysler and gm - reported mixed but mostly upbeat sales in...
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Oct 9, 2012
10/12
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money buys influence, but it also may buy government itself. this is the unambiguous conclusion you reach in reading the book "billionaires & ballot bandits: how to steal an election in 9 easy steps." investigative reporter greg palast wrote it. he is a new york times-bestselling author and also works for the bbc and britain's the observer. what is going on is happening behind this very thin veneer of democracy, but as i read your book i get the sense that it really is a gross subversion of democracy. > > yes. we have to think about who these billionaires are. since we had citizens united, which created the so-called "corporate citizen," we've ended up with things like a million- dollar donation to the romney pac, restore our future - and i looked into it, by a company called f8 llc. > > what's that? > > i tried to look up, they have sales of $8,000 a year, which meant that their $1 million donation was pretty generous. also, the principal, a guy named diego, seems to exist only in a video game, "grand theft auto." he's an assassin. but under c
money buys influence, but it also may buy government itself. this is the unambiguous conclusion you reach in reading the book "billionaires & ballot bandits: how to steal an election in 9 easy steps." investigative reporter greg palast wrote it. he is a new york times-bestselling author and also works for the bbc and britain's the observer. what is going on is happening behind this very thin veneer of democracy, but as i read your book i get the sense that it really is a gross...
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Oct 10, 2012
10/12
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holder says several government agencies coordinated efforts to track down con artists. "over the past 12 months it has enabled the justice department and its partners to file 285 federal criminal indictments and informations against 530 defendants for allegedly victimizing more than 73,000 american homeowners and inflicting loses in excess of one billion dollars." meanwhile, a u.s. attorney in new york has filed a civil lawsuit against wells fargo. the bank is accused of bilking consumers out of millions of dollars in mortgage fraud. wells denies allegations. meetings resume today for 8 u.s. senators aiming to avoid the year-end fiscal cliff. the bipartisan group continues a second day of meetings that will stretch into tomorrow. the goal is for democrats and republicans to reach an agreement on how to avoid the looming spending cuts that go into effect january 1st. after a blueprint is drawn up, congress will need to vote to pass the law. senators are meeting this week, although lawmakers have noted that the outcome of the election will impact their plan. stanley black
holder says several government agencies coordinated efforts to track down con artists. "over the past 12 months it has enabled the justice department and its partners to file 285 federal criminal indictments and informations against 530 defendants for allegedly victimizing more than 73,000 american homeowners and inflicting loses in excess of one billion dollars." meanwhile, a u.s. attorney in new york has filed a civil lawsuit against wells fargo. the bank is accused of bilking...
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Oct 8, 2012
10/12
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government chip away at the federal deficit. and, it could be bottoms-up for investors in a beer and wine stock. keep it here. first business starts now! you're watching first business: financial news, analysis, and today's investment ideas. good morning. monday, october 8th. i'm angela miles. in today's first look: a new round of corporate earnings start up this week. overall, earnings are expected to tumble around 2% from last year. here's where we last left of on friday. stocks rallied on news the unemployment rate dropped to 7.8%. the dow gained, the s&p was flat, and a sell-off in apple dragged down the nasdaq. oil and gold staged dramatic pullbacks. today, platnum and gold producers will push to end a strike by south african workers over low wages. philip streible of rjo futures joins us on this monday morning. will we see a follow-through from that jobs number that came out on friday? > > that's a really interesting question. the reason why i bring that up is because the market reaction to the number, it was really well r
government chip away at the federal deficit. and, it could be bottoms-up for investors in a beer and wine stock. keep it here. first business starts now! you're watching first business: financial news, analysis, and today's investment ideas. good morning. monday, october 8th. i'm angela miles. in today's first look: a new round of corporate earnings start up this week. overall, earnings are expected to tumble around 2% from last year. here's where we last left of on friday. stocks rallied on...
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Oct 4, 2012
10/12
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a government agency reports findin a number of false labels on supplements. according to investigators, 20% of 127 weightloss and immune-boosting supplements carry labels with illegal claims. there were even products claiming to cure or prevent cancer or diabetes or helping with hiv or aids. consumers buy up to $20 billion in supplements online and in stores. the robust apartment rental market is starting to crack as home buying steps up. apartment occupancies inched up in the third quarter. more americans are deciding to buy homes as mortgage rates drop to record lows. the 30-year fixed is 3.40%. last week, home buying applications rose 4%. re-fis soared 20%. mortgage rates are falling as the federal reserve continues to buy mortgage- backed securities to stimulate the economy. the apple rumor mill is buzzing with word of a mini ipad. reports say "mass production" of a smaller ipad is in full swing. the wall street journal says the mini pad will likely be released this month. meanwhile, if you are not happy with apple maps, starting today apple's new operati
a government agency reports findin a number of false labels on supplements. according to investigators, 20% of 127 weightloss and immune-boosting supplements carry labels with illegal claims. there were even products claiming to cure or prevent cancer or diabetes or helping with hiv or aids. consumers buy up to $20 billion in supplements online and in stores. the robust apartment rental market is starting to crack as home buying steps up. apartment occupancies inched up in the third quarter....